FTSE announced changes to its indices in the semi-annual review. The adjustments to this will happen on September 15, 2023. AIA Engineering and Syngene have been added to the All-World index because of which it could see inflows in the range of $20-30 million.
Tamilnad Mercantile Bank, Capri Global, Safari Industries, Data Patterns, NMDC Steel, Usha Martin, Rainbow Children, RK Forgings, and JBM Auto have been added to the All-Cap Index because of which there could be inflows in the range of $8-12 million.
Hatsun Agro and Brookfield REIT have been removed from the All-Cap Index, while HDFC Bank and Kotak Mahindra Bank have seen an increase in their weights.
#tamilnadmercantilebank #tamilnadmercantilebankstock #tamilnadmercantilebankshares #ftse
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Tamilnad Mercantile Bank, Capri Global, Safar Industries & Others In Focus Owing To FTSE Inclusion

Vegapay secures $1.1M pre-seed funding to create micro service-driven card & lending issuance stack. Led by Eximius Ventures, the round also saw participation from DS P HMK, Capri Global, Upsparks Capital, MGA Ventures, Climber Capital & angel investors.

Fintech Vegapay raises $1.1 million led by Eximius Ventures, others

“We believe that election is a very big event and big festival in one way and a lot of spending happens in the rural side and we have seen historically that whenever Lok Sabha election happens, the credit demand goes up. Even the collection efficiency dramatically improves. An election year is a goo…

Gold loan led Capri Global NIM growth to 5-quarter high: Rajesh Sharma

The average yield on advances improved 118bps YoY to 15.7 percent while the average cost of funds increased 49bps YoY to 8.72 percent leading to a net change of 51bps YoY in spreads.

Capri Global Capital Consolidated Profit after Tax Rises By 38% YoY To ₹636 Million In Q1FY24

Yes, because we continue to expand our branch network. I think by September, we intend to cross 1000 branch network. And then gradually, depending on our strategy and everything will grow our MSME home loan as well.

We are targeting a 30% growth across all AUMs: Rajesh Sharma, Capri Global

ICICI Securities recommended reduce rating on Capri Global Capital with a target price of Rs 695 in its research report dated June 21, 2023.

Reduce Capri Global Capital; target of Rs 695: ICICI Securities

The stock rerated sharply over the past six months capturing most positives, thus, leaving limited scope for rerating, in our view

Capri Global - Foray Into Gold Loan Business In FY23; Car Loan Distribution Gaining Traction: ICICI Securities

In January 2022, CSK became India’s first unicorn sports enterprise when the BCCI sold its two franchises of Lucknow to RPSG Group and Ahmedabad to Capri Global for Rs 7,090 crore and Rs 5,625 crore, respectively.

MS Dhoni’s CSK is a ‘champion’ in unlisted market too, stock soars 15x in five years

This investment in CarLelo is a testament to Capri Global Holdings’ commitment to driving the growth of the online new car sales and financing market while empowering new-age techpreneurs to overcome existing market challenges.

Capri Global Holdings acquires 51% stake in CarLelo for ₹150 crore

Capri Global Holdings Pvt. Ltd. (CGHL), the holding company of Capri Global Capital Ltd., a non-banking financial company which operates under the brand name Capri Loans, said it has acquired a 51% stake in CarLelo, an online new-car selling platform for ₹150 crore.

Capri Loan acquires 51% stake in car-selling platform CarLelo for ₹150 crore

Capri Global Capital is looking to increase its gold loan mix to 20% of the overall loan book from 8% currently, said its managing director Rajesh Sharma.

Aiming to increase gold loan mix to 20%, says Capri Global MD | The Financial Express

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Capri Global Capital Limited is a non-deposit taking, non-banking finance company. The Company is engaged in funding and provision of financial services, except insurance and pension funding activities.